Epsilon Energy (NASDAQ:EPSN) Releases Earnings Results

Epsilon Energy (NASDAQ:EPSN) posted its earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. Epsilon Energy had a negative net margin of 13.33% and a positive return on equity of 8.03%.

Epsilon Energy Price Performance

Shares of EPSN traded up $0.03 during mid-day trading on Wednesday, hitting $5.94. 113,881 shares of the company traded hands, compared to its average volume of 193,474. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $179.68 million, a price-to-earnings ratio of -16.05 and a beta of -0.20. The business has a 50-day moving average of $5.54 and a 200 day moving average of $5.62. Epsilon Energy has a one year low of $4.20 and a one year high of $6.65.

Epsilon Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, June 15th. Epsilon Energy’s dividend payout ratio is -67.57%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Epsilon Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Epsilon Energy

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Epsilon Energy by 18.1% in the fourth quarter. NewEdge Advisors LLC now owns 14,456 shares of the company’s stock worth $67,000 after purchasing an additional 2,214 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. grew its holdings in shares of Epsilon Energy by 1.9% in the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 135,900 shares of the company’s stock valued at $631,000 after buying an additional 2,500 shares during the period. Captrust Financial Advisors raised its stake in Epsilon Energy by 20.8% during the 4th quarter. Captrust Financial Advisors now owns 15,146 shares of the company’s stock worth $70,000 after buying an additional 2,607 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Epsilon Energy by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 794,062 shares of the company’s stock worth $3,685,000 after acquiring an additional 3,047 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Epsilon Energy by 9.8% during the fourth quarter. Empowered Funds LLC now owns 41,256 shares of the company’s stock worth $191,000 after acquiring an additional 3,671 shares in the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.

About Epsilon Energy

Epsilon Energy (NASDAQ: EPSN) is an independent exploration and production company specializing in the acquisition, development and production of unconventional and conventional oil and natural gas properties. Originally founded as Brewster Energy in 2002 and rebranded to Epsilon Energy in 2011, the company pursues a disciplined approach to resource development, leveraging its technical expertise to optimize well performance and manage operational costs.

The company’s core asset base is concentrated in the Appalachian Basin, where it holds acreage in key shale formations across Pennsylvania, West Virginia and Ohio.